Coforge Ltd

The company has shown good all-round growth for Q4FY13, much better than a lot of other mid and small cap companies.  For Q4FY13, its consolidated net profit rose 22% (YoY) at Rs.57 crore on a 21% rise in revenue at Rs.537 crore. The company has stated that it growth across all segments and geographies which helped boost the performance.  In terms of segmental revenue, travel and transport remains its biggest earner, contributing 40% to the revenue, followed by BFSI which contributes 32%, with Govt coming in third place at 8% and manufacturing at 7%. And in terms of geographies, US contributed 38%, Europe 37%, Asia-Pacific and India are placed at 25%.

For FY13, the company posted a 11% rise in consolidated net profit at Rs.218 crore on a 28% rise in revenue. During the quarter it added 5 clients – 2 in travel and transport, 2 in Govt and one in manufacturing. It added 276 employees and its total employee headcount at end of FY13 stood at 8,158, 24% of which are posted out of India. It currently has $252 million worth of orders, executable over the next 12 months; of this $110 million worth order it received in Q4. It plans to hire 800 people this fiscal and will invest Rs 100 crore in expansion of its Noida campus. It has Rs.332 crore of cash and plans to use it for acquisitions, especially in Western Europe, as and when the opportunity arises. It hopes to sustain the same growth momentum in current fiscal.